Space as a Service Part 2 - Co-Living and Generation Rent

Space as a Service: Residential
Co-Living & Generation Rent:

Last week, we learnt how space as a service is impacting the commercial landscape. The resi side is changing as rapidly and here area few keywords you should be aware of:

Generation Rent – A generation of young adults who, because of high house prices, live in rented accommodation and are regarded as having little chance of becoming homeowners.

Sharing Economy – An economic model often defined as a peer-to-peer (P2P) based activity of acquiring, providing or sharing access to goods and services that are facilitated by a community based on-line platform.

Co-Living – 'Co-living', an umbrella term for different types of 'co-housing' setups, can loosely be defined as a home where two or more people live together who are not related. As defined by The Collective: Co-living is a way of living focused on a genuine sense of community, using shared spaces and facilities to create a more convenient and fulfilling lifestyle. Co-living is designed to be the perfect platform for life in the city. Co-living is a great solution for those wishing to move to the city to meet people and live hassle free. This is an extremely popular movement at the moment. There is a company in LA called podshare which lets out oversized bunkbeds across California! Co-living is growing across the world. The UN is now offering support to co-living initiatives within their sustainable development goals.

Co-Living – the soution? While co-living is symptomatic of the global housing crisis we are experiencing in most major cities, it may also be part of the solution. Co-living almost by definition demands fewer resources and has the potential to be flexible and adaptive with people's needs as they grow older. Lowering resource use is critical in emerging economies that tend to have rapidly urbanizing and youthful populations.